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HomeIndirect TaxesCustoms Dept. Insist On Excessive Bank Guarantee For Provisional Release Of Seized...

Customs Dept. Insist On Excessive Bank Guarantee For Provisional Release Of Seized Imported Good: CESTAT Reduces From 70% To 30% 

Indirect Taxes

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By Mariya Paliwala
Customs Dept. Insist On Excessive Bank Guarantee For Provisional Release Of Seized Imported Good: CESTAT Reduces From 70% To 30%

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The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad, has modified the conditions imposed by Customs authorities for the provisional release of seized imported goods, holding that insistence on an excessive bank guarantee was disproportionate and contrary to settled law.  The bench of Dr. Ajaya Krishna Vishvesha (Judicial  Member) ruled that, while a bond…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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